Tds on salary
This query is : Resolved
17 July 2014
Dear Members, Since the budget has came on 10th july 2014 and the exemption limit below 60 yrs has been extended to Rs. 250000/-.But while calculating TDS on salary for the month of april may and june we have calculated it on the basis of Rs. 200000/- exemption limit.Please clarify whther we should again calculate it from april onwards or we should calculate it from july onwards on the basis of Rs. 250000/- limit.
17 July 2014
Dear Sucheta till now the budget has not been passed and this will b applicable from next financial year. so for this year 2.5L is the limit.
17 July 2014
2.5L will be applicable from this year for TDS on salary or Rs. 250000/-?
17 July 2014
No no, u r in mistake. It will b applicable from 1st April 2015.
Mr Jaitley just present his views. Now it will b passed by the higher authorities and then will b applicable from 1st April 2015 onwards.
Mr Jaitley just present his views. Now it will b passed by the higher authorities and then will b applicable from 1st April 2015 onwards.
18 July 2014
Thank u Sir. I was in confusion because someone told me that i have to recalculate it from april onwards
18 July 2014
Ur Welcome dear friend.
And do not calculate from April. U r provided a wrong information.
Provide ur thanks by hitting the thanks button.
And do not calculate from April. U r provided a wrong information.
Provide ur thanks by hitting the thanks button.
Message likes :
1 times
18 July 2014
sir in forum everyone is saying to recalculate it from april onwards.i m totally confused
18 July 2014
No dear till now the budget is not passed. And it will b going to b applicable from next financial year. So how can u calculate from the current financial year?
18 July 2014
Sir everyone is saying that it will be applicable from fy 14-15
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- FTS Taxable under 115A
- Management System (IMS)
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
